PHILIPPE PATTE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PHILIPPE PATTE
Largest movements
- Cash +€15,200
up €15,200 (+44.1%), from €34,499 to €49,699
mainly Net result for the year (+€53,111) and Trade debts (+€8,314)
- Receivables within one year +€6,700
up €6,700 (+4.3%), from €154,911 to €161,611
of which Other amounts receivable: +€15,145
- Tangible fixed assets -€5,994
down €5,994 (-25.8%), from €23,227 to €17,233
of which Plant, machinery and equipment: -€4,025
- Reserves +€16,111
up €16,111 (+31.1%), from €51,806 to €67,917
- Trade debts +€8,314
up €8,314 (+49.9%), from €16,658 to €24,972
- Other debts -€8,000
down €8,000 (-17.8%), from €45,000 to €37,000
- Write-downs +€8,446
new in 2025: €8,446
- Gross operating margin -€5,371
down €5,371 (-7.2%), from €74,872 to €69,501
- Taxes -€2,563
down €2,563 (-30.2%), from €8,478 to €5,915
- Depreciation +€1,171
up €1,171 (+21.2%), from €5,522 to €6,693
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €215,019 | €230,924 | +€15,905 | +7.4% |
| Fixed assets | 21/28 | €23,227 | €17,233 | -€5,994 | -25.8% |
| Tangible fixed assets | 22/27 | €23,227 | €17,233 | -€5,994 | -25.8% |
| Plant, machinery and equipment | 23 | €18,100 | €14,075 | -€4,025 | -22.2% |
| Furniture and vehicles | 24 | €5,127 | €3,158 | -€1,969 | -38.4% |
| Current assets | 29/58 | €191,792 | €213,691 | +€21,899 | +11.4% |
| Amounts receivable within one year | 40/41 | €154,911 | €161,611 | +€6,700 | +4.3% |
| Trade receivables | 40 | €23,440 | €14,995 | -€8,445 | -36.0% |
| Other amounts receivable | 41 | €131,471 | €146,616 | +€15,145 | +11.5% |
| Cash at bank and in hand | 54/58 | €34,499 | €49,699 | +€15,200 | +44.1% |
| Deferred charges and accrued income | 490/1 | €2,382 | €2,381 | -€1 | 0.0% |
| Total equity and liabilities | 10/49 | €215,019 | €230,924 | +€15,905 | +7.4% |
| Equity | 10/15 | €146,657 | €162,768 | +€16,111 | +11.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €51,806 | €67,917 | +€16,111 | +31.1% |
| Distributable reserves | 133 | €51,806 | €67,917 | +€16,111 | +31.1% |
| Profit (loss) carried forward | 14 | €92,351 | €92,351 | = | 0.0% |
| Amounts payable | 17/49 | €68,362 | €68,156 | -€206 | -0.3% |
| Amounts payable within one year | 42/48 | €68,362 | €68,156 | -€206 | -0.3% |
| Trade debts | 44 | €16,658 | €24,972 | +€8,314 | +49.9% |
| Suppliers | 440/4 | €16,658 | €24,972 | +€8,314 | +49.9% |
| Taxes, remuneration and social security | 45 | €6,704 | €6,184 | -€520 | -7.8% |
| Taxes | 450/3 | €6,704 | €6,184 | -€520 | -7.8% |
| Other amounts payable | 47/48 | €45,000 | €37,000 | -€8,000 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,522 | €6,693 | +€1,171 | +21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,446 | +€8,446 | |
| Other operating charges | 640/8 | €1,406 | €1,616 | +€210 | +14.9% |
| Gross operating margin | 9900 | €74,872 | €69,501 | -€5,371 | -7.2% |
| Operating profit (loss) | 9901 | €67,944 | €52,746 | -€15,198 | -22.4% |
| Financial income | 75/76B | €7,409 | €7,420 | +€11 | +0.1% |
| Recurring financial income | 75 | €7,409 | €7,420 | +€11 | +0.1% |
| Financial charges | 65/66B | €989 | €1,140 | +€151 | +15.3% |
| Recurring financial charges | 65 | €989 | €1,140 | +€151 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €74,364 | €59,026 | -€15,338 | -20.6% |
| Income taxes | 67/77 | €8,478 | €5,915 | -€2,563 | -30.2% |
| Profit (loss) for the period | 9904 | €65,886 | €53,111 | -€12,775 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,886 | €53,111 | -€12,775 | -19.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.